RBC Capital lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $59 from $70 and keeps a Sector Perform rating on the shares. The firm cites the company’s in-line Q1 earnings and pulled guidance, also noting that it sees meaningful risk to the management’s expectation of offsetting 100% of tariffs this year given its significant exposures and likely continued volume erosion, the analyst tells investors in a research note. RBC also cuts its FY25 EPS view to $3.55 from $4.11 and its FY26 view to $3.96 from $4.55.
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Read More on FBIN:
- Fortune Brands Innovations price target lowered to $54 from $56 at Baird
- Fortune Brands Reports Q1 2025 Earnings Amid Challenges
- Fortune Brands Innovations reports Q1 EPS ex-items 66c, consensus 66c
- Fortune Brands Innovations not providing FY25 guidance
- FBIN Upcoming Earnings Report: What to Expect?
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